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The last Markit/CIPS purchasing managers index (PMI) survey showed services sector recorded a slight decrease of 53.2 in October-November - 53-a reading above 50 indicates growth.

Although now the sector grew by 19 months, growth has slowed in recent months after that that he had been over 55 consecutive months in the middle of the year.

Sector of the loss of jobs for the second month in a row, casts doubt on their ability to compensate the cuts in the public sector.

David Noble, Chief Executive at the AIT, said: "to look for indicators are already signs of instability, with managers stating purchase request for low consumption. It is worrisome because we would expect demand to be higher during the holidays. ?

New business increased its strongest level since June, but has been described as dull and always well below at levels exceeding.

Reported that customers - especially among consumers and the public sector — were reluctant to commit new contracts, account required to the current economic uncertainties and concerns on public sector spending reductions.

Expectations for the future improved slightly, but were much lower levels of optimism in the summer.

Economists warned that the services sector was supposed to make a contribution to economic growth in the fourth quarter of the year.

Paul Smith, Senior Economist survey compilers Markit, said: "this growing sector profile suggests it is unlikely to generate any significant job creation and help offset the job cuts expected in the public sector."

"It is hardly unexpected - the service sector is naturally more exposed to winds in the UK, domestic demand continues to".

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The year fall in Bank lending to business has slowed down in October, with low global loan per 100 m ￡ compared with a decrease of ￡ 3 United in September, industry figures show.

Economists said "near stabilization" net loan "a step in the right direction" contrast with the monthly average of autumn and ￡ 1. 6bn for six months.

Howard Archer, Chief Economist and Europe, IHS Global Insight has said: "ready-to-non-financial corporations in October reported by the BAA near net stabilization is a step in the right direction."

"However, it does not materially facilitate concerns that the current credit crunch conditions remain a major impediment to economic activity .c ' is even taking into account the fact that the net business loans are currently limited by low demand and some companies paying down debt."

However, David Dooks, Director of statistics of the BAA said: "viable business credit availability has improved, so NET continuous contraction of loan growth reflects repayment behaviour by large corporations."

Figures for October for all companies, follows a BBA report for September as small business loans is stabilized for the first time since the beginning of the credit crisis.

Association British Columbia Colombia Banker figures were also show that mortgage and credit card loans remain mortgage loans faibles.Brut ￡ 7. 6bn in October, has been total lowest since February 2001 and 16. lower net mortgage an.prêts 1pc increased by ￡ 1. 7bn in October compared with ￡ 3 in the same month in 2009.

Home purchase approvals were slightly lower in October, reflecting low mortgage market activity, the BAA said, then the value mean pink house purchase approvals ￡ 144,900 October and is more than a year of 2pc.

Mr. Archer said: "it is always a rather smelly together data that maintain the concerns the tightening of credit conditions continue to pose a significant barrier to economic activity."

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Mounted more than two years China's first interest rates this week a bid to curb rising inflation.

Third quarter, growth of GDP have disappeared in 9 6pc compared to the same period last year, according to National Bureau of Statistics China, a sensitive slowdown 11 9pc registered growth in the first quarter of 2010.

Analysts were largely positive data, assess that risk in the short term a slowdown in demand from China has been offset by long-term need to address to the rising inflation and on the Chinese stock market and property asset-price bubbles.

"Chinese makers are likely to feel very satisfied with the way data play," said Brian Jackson, a strategist at emerging markets with the Royal Bank of Canada, Hong Kong, "policy implemented earlier this year seem to have helped guide the Chinese economy through a middle course between the overheating and a severe recession."

Beijing sent fears's stock markets this week when it announced its first climb rate of interest for more than two years in a further bid to curb inflation which came in at 3 for the third quarter, much higher than the official goal of 3pc 6pc.

Recent inflation rises have been hunted by a shortage of some products food key, which represent one-third of Chinese and pink 8pc consumer price index each year in September, supplies in the coming months should however fresh to alleviate the pressures.

Surprise interest rate move is a reflection of the underlying strength of the economy of China and Beijing trust said analysts who ran the heads policies to engineer a relatively soft landing after massive China stimulus injection.

The trajectory of moderate slowdown is reflected in industrial production - data key indicator of dynamic growth - which has slowed stronger than expected increased by 13.3% over the year, raising the prospect of a small Chinese demand for developed economies.

"Short-term downturn means China will be less demand for the goods from the rest of the world," said Alistair Thornton, China analyst for IHS Global Insight. "But long term slowdown would be an advantage for the world economy because the Chinese economy cannot continue at such high pace and unbalanced manner.?

The strength of the economy may also give China more room to accommodate requests from Europe and United States allowing its currency, the yuan, to further strengthen against the dollar.

The question of the currency is expected near the top of the agenda of a meeting of Finance Ministers of the g-20 in Korea in weekend as pressure increases to United States where pressure groups accuse China of sous-valoriser currency of up to 40% and cost millions of American jobs.

The yuan has increased by 2 just 6pc since June after Beijing put discarded his ankle with the dollar, a move that at the United States said is insuffisant.Toutefois, some analysts said the latest data suggest that the Chinese economy could now support faster appreciation.

The World Bank expects now China GDP grow to 9 5pc by 2010, more than the official objective 8pc, but in the maintenance of a trend in the long run slower growth in China in the coming years.

This week, China's leaders gathered to discuss a new five-year economic 2011-2015 plan, aimed at creating more sustainable, to increase the share of wages and diffusion of inward investment in traditional coastal manufacturing centres, with consensus showing growth forecasts growth slowed to an average of about 7 5pc.

"They feel that they do not need these two-digit growth rates" added Alistair Thornton of IHS Global Insight, "It could be that we see two digit growth ever in China last year."

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